Is the Florida Luxury Market on Pause? A 75 million dollar home is for sale in Orlando, FL and its not done being built!

Asked by Wain Berry, Fort Lauderdale, FL Sat Jun 26, 2010

How are Florida’s top agents and companies getting leads and promoting themselves beyond their current customer base? Getting clients to look at expensive properties takes promotion but what kind, especially for a property like this one?

Versailles, a 75 million dollar home, is on the market in Orlando, FL “AS-IS”. This mansion is in a prestigious area of Windermere. It is 90,000 SF and it’s not even finished being built due to the owner’s personal business, David Siegel. Or you can purchase it for $100 million finished. Getting this house sold could take a very long time even assuming the right people see it with effective marketing techniques.

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http://news.yahoo.com/s/ap/20100622/ap_on_bi_ge/us_odd_massi…

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2
Jeremy & Ely…, Agent, Port St Lucie, FL
Mon Jun 28, 2010
There are plenty of investors out there. For properties like this or over a million the investor is still interested in the same principle, a good ROI (return on investment). If it fits the bill then some would consider buying it. The "high-end" market is good for tons of reasons, even today. The value to dollar ratio on some short sales/ forclosures is very high and is great for when the market bounces back! Even in this market there are some houses that will never sell at the price listed because we all know very few will pay more than market value for a home!
Web Reference:  http://www.JeremyAGlass.com
1 vote
Debra B Albe…, Agent, Port St Lucie, FL
Mon Jun 28, 2010
Good Point. I was reading an article that Disney is actually building a high end (million plus) neighborhood...yes in our current market! It is going to have luxury transportation to and from the parks and some really great amenities. There is a market.

Debbie Albert, PA
Coldwell Banker Residential
Web Reference:  http://www.ronanddebbie.net
1 vote
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